Bay View Capital Corp., which lost $326 million last year and is reorganizing its front office, on Friday named Matthew L. Carpenter as chief operating officer.

Mr. Carpenter, 41, had been president and chief executive officer of $5.3 billion-asset Bay View’s subsidiary Commercial Finance Group. The San Mateo, Calif.-based holding company’s principal subsidiary is Bay View Bank, which controls the largest deposit franchise in the San Francisco area. Mr. Carpenter will oversee the holding company’s daily operations.

Mr. Carpenter’s appointment comes nearly a month after Edward H. Sondker, the holding company’s president and chief executive officer since August 1995, announced his retirement. He will remain in office until a successor is named.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.